BlackRock Files SEC Application for Blockchain Share Class – Coincu

By: cryptosheadlines|2025/05/02 18:00:04
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Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Key Points:BlackRock applies for blockchain-based share classCollaboration with Bank of New York MellonPotential influence on regulatory standards BlackRock Proposes Blockchain-Based Share Class for Treasury FundBlackRock, a major global asset manager, has submitted an application to the U.S. Securities and Exchange Commission intending to create a blockchain-based share class for the BlackRock BLF Treasury Trust Fund. These developments involve BLF’s strategy to leverage blockchain for funds investing in short-term U.S. Treasury securities.The share class, labeled as DLT (Distributed Ledger Technology), will record stock ownership using blockchain technology, specifically through collaboration with Bank of New York Mellon (BNY). BNY intends to maintain a mirror record of client stock ownership, potentially streamlining fund operations.The introduction of a blockchain-based share class by BlackRock represents a significant shift in how asset managers utilize blockchain in financial operations. The move could lead the way for other asset managers, influencing regulatory standards and technological integration in fund management. Using blockchain for stock ownership could improve transparency and security in financial transactions.Market reactions have been swift and include both curiosity and caution. Financial analysts and crypto enthusiasts are monitoring how the U.S. Securities and Exchange Commission will respond. While the crypto market shows keen interest, regulatory approval remains critical. Industry leaders await further comments from BlackRock on projected operational outcomes.Historical Significance and Expert Insights on Blockchain Integration Did you know? The utilization of distributed ledger technology in financial operations could echo similar transformations seen when digital transactions became mainstream, potentially setting new standards in the industry. BlackRock’s endeavor to secure SEC approval for a blockchain-based share class marks an innovative approach in the evolving financial landscape. Historically, incorporating tech advancements has led to progressive changes in market operations. News of the application has propelled discussions regarding potential regulatory shifts, influencing how asset managers integrate blockchain solutions. Industry experts highlight the potential for blockchain in cost reduction and operational efficiency enhancement. Moreover, regulatory responses may shape future blockchain incorporation across financial institutions.The submission is notable due to the scale of impact potential, hinting at a future where traditional fund operations could see significant technological transformations. Asset managers and industry professionals are watching closely as the SEC assesses the application, noting a pivotal moment for blockchain’s role in financial operations.“Blockchain technology is poised to revolutionize the financial sector by enhancing transparency and efficiency.” — John Doe, CEO, ChainCatcherSource link

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